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20121205
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CNNW 12
WBAL (NBC) 4
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MSNBCW 1
WJZ (CBS) 1
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Search Results 0 to 42 of about 43 (some duplicates have been removed)
NBC
Dec 9, 2012 9:00am EST
/3 of shoppers said the fiscal cliff and other economic concerns would affect their holiday spending. the fiscal cliff will result in tax increases and federal spending cuts. >> both parties are kind of, hey, i'm going to do my thing, you're going to do your thing, nobody seems to want to give in. they're going to have to because this country's in a dire situation. >> many shoppers agree, as tax paying citizens, one of the top things on their wish list for christmas is for the president and congress to compromise and to get a deal done. >> please start working together and remember the people who put you in office. >> nadia ramdass, wbal-tv 11 news. >> jews around the world celebrated the beginning of eight-day hanukkah festival saturday evening by lighting the candles of the ceremonial lamps. in chicago, hundreds gathered to watch the lighting of an eight-foot menorah. also known as the festival of lights. hanukkah commemorates the jewish uprising in the second century b.c. against the greek syrian kingdom. the holiday lasts eight days. according to tradition, when the jews rededicated the temp
NBC
Dec 9, 2012 5:00am EST
spending. the fiscal cliff will result in tax increases and federal spenng cuts. >> both parties are kind of, hey, i'm going to do my thing, you're going to do your thing, nobody seems to want to give in. >> many shoppers agree, as tax paying citizens, one of the top things on their wish list for christmas is for the president and congress to compromise and to get a deal done. >> please start working together and remember the people who put you in office. >> nadia ramdass, wbal-tv 11 news. >> jews around the world celebrated the beginning of hanukkah saturday night. in chicago, hundreds gathered to watch the lighting of an overicized menorah. hanukkah commemorates the jewish uprising in the second century b.c. according to tradition, when the jews dedicated the temple in jerusalem, a single vial of oil burned for eight days. and some people celebrated hanukkah with a dance party. creative alliance hosted a party with music, dancing and singing. >> tonight is first night of hanukkah, the celebration that brings light into the darkness and we celebrate freedom and liberation movements and r
CBS
Dec 8, 2012 6:30pm EST
in this country, we are just over three weeks away from falling over the so-called fiscal cliff, that combination of tax increases and deep federal spending cuts. nancy cordes reports the back-and-forth showed no sign of letting up today 20 white house and the republicans in congress. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to find ways to bring down the cost of health care without hurting seniors and other americans who depend on it. and i'm willing to make more entitlement spendings cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one day after house speaker john boehner announced the talkes were stalled. >> well, this isn't a progress report because there's no progress to be report. >> reporter: his democratic counter-part ploals blamed boehner for the stalemate. >> what they offered in return was an empty letter lacking in specifics. >> reporter: such is the state of negotia
MSNBC
Dec 11, 2012 2:00am PST
's a very good chance that we'd be able to avoid a lot of the fiscal cliff. >> behind the scenes negotiations continue today. republicans say they're waiting for the president to outline more spending cuts. the three big issues, tax rates, entitlement reform, medicare and social security, and whether to raise the debt ceiling. we're about to hit it again, and america may need to borrow more. and on those issues at least for now on chilapitol hill, democra seem to think they have the upper hand. that's it for now. >> thanks so much. >>> last night he describes what he says is to use the debt creel as a pawn in the fiscal cliff negotiations. >> they see the handwriting on the wall and they're going to have to extend it, and if they don't the whole country will see they were willing to tank the entire economy and give everybody the tax break to give people at the top a bonus. where they're just dead wrong, ed, is thinking they're going to gain leverage over this debt ceiling because the american people are not going to stand for republicans turning right around and threatening to de
CBS
Dec 6, 2012 6:00pm EST
't throw the country into a recession. >> while the impact of going over that fiscal cliff will be far and wide, there's one local jurisdiction that is especially vulnerable. massive spending cuts could lead to huge reductions in federal contractors and that would be a devastating blow to fairfax county. peggy fox explains. >> reporter: northern virginia is the economic engine of the state. what is it that's transformed and built the economy? federal contracting. from 1980 through 2009 federal contracting in northern virginia increased from $1.7 billion to 38.5 billion, but there's worry the bottom could fall out. >> government contractors stopped doing business in fairfax county because it will be dramatically reduced. >> reporter: these two men were farther of the board meeting this week asking congress to hurry up and resolve the impending sequestration. >> if you make the kind of cuts that some suggest happen are then you're really hurting a lot of the small businesses and residents in fairfax county who rely on federal contracts for their livelihood and ultimately that trickles
CSPAN
Dec 4, 2012 8:00pm EST
moments, a discussion of house spending cuts in the so-called fiscal cliff. in a little less than an hour, more about the fiscal cliff with republican representative tom cole from oklahoma. then the head of fema testifies on capitol hill about the government's response to hurricane sandy. and later, senate debate on the u.n. treaty for the disabled. ♪ ♪ >> this weekend on c-span3's american history tv, follow harry truman easeleddest grandson to hiroshima as the city prepared to mark the bombing of the city in 1945. >> you know, everybody has their own view what happened, and i, i don't, i don't want to argue survival with anyone in japan about the history. i think we're past that. my whole purpose for being here is to listen, to honor the dead, to listen to the living and to see -- to do what i can to see this doesn't happen again. >> clifton truman daniel will join us sunday at 9 p.m. eastern on c-span3. >> now, a discussion of how the military and national security might be affected by spending cuts scheduled to take effect the first of the year. part of the so-called fiscal cliff.
FOX
Dec 6, 2012 7:00am EST
. the fiscal cliff is almost $8 trillion of spending cuts, revenue increases. which if you want to affect the debt, that's a big way of doing it. every economist says if you do that much that quickly, you are going to throw us back into a serious recession. you know what? at some point, we have to stop kicking the can down the road and actually thinking of long-term debt of this country. i'm never a big fan of senator cobern's positions but he's right. at some point we have to stop this. we need to do it quickly. >> and the fact is, we've got a huge spending problem. and so either you have to figure out a way to pay for what you say you want to do or reduce the spending and that's the piece that's not getting the attention it should right now. >> getting the attention from? >> either the media in some cases. they are talking about what we have to do on taxes. somewhere along the line we have to talk about what we have to do on spending. if you do as the president asks and that is raise taxes on the top 2%, it funds the government for 8 days. you can't get there with just that. they are sa
CNN
Dec 10, 2012 2:00am PST
the fiscal cliff. in 22 days we go over that edge. that's when sweeping tax hikes and spending cuts kick in unless a deal gets done. after 23 days without uttering a word to each other face-to-face, that is, president obama and house speaker john boehner sat down at the white house yesterday. they talked. so let's bring in brianna keilarment she is live in washington. so congress is scheduled to break for the holidays later this week. where do we go from here? how are these talks? >> we don't know. that's the thing. we know they spoke. in fact, it's somewhat remarkable that both the white house and speaker boehner's office put out statements simply saying that the two men had spoken. the lines of communication are open. and they were the same verbatim. that is something you can look at as some progress, perhaps. certainly it is promising may be the better way to put it. there is coordination there. they seem to be talking in good faith, trying to keep, i guess, their cards very close to the vest. and that is something that maybe is seen as promising. again, there is no word on actual pro
CNN
Dec 10, 2012 5:00am EST
it comes to the fiscal cliff crisis. because in just 22 days americans face severe tax hikes and spending cuts unless these two leaders can find a way to compromise. now neither side would discuss specifics about their conversation. but after yesterday's white house meeting, a spokesman for the president said "the lines of communication remain open." now that may be music to the ears of former white house chief of staff erskine bowles, one half of the bowles-simpson reduction duo. >> they started a tango now. you know, any time you got two guys in there tangoing, you have a chance to get it done. >> brianna keilar is live now from washington. we don't have a lot of details about what went on in that meeting. maybe if they're both not talking, that may be a good thing. >> that's right. in fact, we have almost absolutely no details. the things that really interesting, though, to observers here is the statement that came out from the white house and from the speaker's office. they're the same statement verbatim. they're not leaking details. and that's something that you may see as possibly a
ABC
Dec 11, 2012 4:00am PST
people on the planet. >>> as for more immediate concerns, the fiscal cliff is one day closer, with a stalemate over heading off huge tax increases and deep spending cuts at the start of the new year. president obama and house speaker john boehner are keeping tight-lipped about those talks. in michigan on monday, the president warned going over the fiscal cliff will cost jobs and send the country in a downward spiral. >>> colorado is now the second state after washington in which marijuana is now legal. that became the law yesterday, when the governor put a voter-approved amendment into the state's constitution. the implementation of the law will be worked out by a special task force. in a statement, the u.s. attorney noted that pot remains illegal, though, under federal law. >>> well, family and friends are remembering that navy s.e.a.l. who gave his life to rescue an american doctor in afghanistan. abc's senior foreign affairs correspondent martha raddatz has more on the life of this fallen warrior. >> reporter: nicolas checque was just 28 years old. but for much of the last
CNN
Dec 11, 2012 2:00am PST
in the fiscal cliff crisis. it's getting quiet on capitol hill. 21 days remain before the tax hikes and spending cuts kick in, and congress breaks for the holiday, at least they are scheduled to, on friday. this is what you need to know. the president on the road pitching his tax plan to workers at a truck plant in michigan. house speaker boehner were conducting behind the scenes talks with the white house. and the posturing and finger pointing in washington suddenly stopped. we have more from washington. the sounds of silence may be the sounds of progress? >> potentially. we hope so. we don't really know. we're forced to read the tea leaves essentially, john, because neither side is giving details about the substance of discussions. let me read a statement from john boehner's press secretary. "discussions with the white house are taking place, but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balance
CNN
Dec 10, 2012 11:00am PST
on one. keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax hikes, the spending cutting scheduled for the first of the week now. join ming me from washington is senator olympia snowe. are you hearing -- what might you be hearing between the president and spirit? >> i think it is optimistic in the sense that at least they have met once again because i think that that is going to be crucial and central to any resolution, to the fiscal cliff crisis. and the more they meet and more that they have these lines of communications opened on a daily basis and their staffs are meeting, the more likely we'll see a conclusion to this issue. but it is regrettable that it is this late in the day, given the uncertainty and the apprehension that it continues to create among the american people, and, of course, both within the markets here and abroad. but i think it is hopeful that they have begun to meet and have some discussions because i think we can breathe a sigh of relief that the lines of communication are open. >> are you breathing that sigh of relief?
CSPAN
Dec 6, 2012 12:00pm EST
in mandatory across-the-board spending cuts over one year, to drag our nation over the so-called fiscal cliff. what those tax increases mean to an average american family of four earning $50,000 a year is over $2,000 in higher income taxes. add to that expiration of the alternative minimum tax patch, new taxes mandated by the federal health care bill, and the reinstatement of the death tax, which will impact the next generation of farmers, ranchers, and small business owners, which americans will see the largest tax increase in the history of our country. if all of this happens, the congressional budget office predicts the nation's economy will shrink next year and the unemployment rate could rise again. in other words, we go back into recession. i believe we can avoid the fiscal cliff and address our massive deficit but that requires doing three essential things: reforming our tax code, reforming entitlement programs, and better controlling our spending. we can get additional revenue by reforming our tax code. that means closing loopholes and limiting deductions. by closing loopholes and lim
FOX News
Dec 8, 2012 3:00am PST
spending. they said, quote: this is going to be a tough fight in the congress given the fiscal cliff. some members have not been friendly to disaster relief. but the care with which the package has been put together has given us a good head start. although that head start not good enough for at least one republican member of congress frank says governor christie made a responsible request federal aid based on careful comprehensive analysis of new jersey's needs having seen the devastation firsthand in my district during his visit. i'm disappointed president obama has come to a different conclusion. we should not short change nor add strings to the support residence, businesses and communities in my district and across the region desperately need and at least 125 people were killed by super storm sandy. right now the u.s. government saying sandy is on track to be the second or third costliest natural disaster ever behind hurricane katrina and close to hurricane andrew in 1992. clayton? >> peter doocy live from d.c. >> now for your headlines might be the biggest arrest related to that terror
FOX News
Dec 10, 2012 3:00pm PST
made on back away from the fiscal cliff you would have a hard time knowing it from today's events. both sides essentially say they are waiting for other on more details on how to balance higher taxes for rich with spending cuts. in a moment with put karl rove and joe trippi in the negotiating room. but first we have a report or # 2 days, or as we will explain later, less to go. >> president obama back on the road 24. hours after the hush-hush meeting with john boehner about the fiscal cliff. insiders in both parties say the first face-to-face solo meeting in over a year is a sign in private they are making progress but in public the president is not budging. >> i'm in the going to compromise on that principle because i won't have a situation where the wealthiest among us including folks like me keep the tax breaks and we ask the students to pay higher student loans. >> he decided to fire up the labor union base. about a republican pushbe for right to work laws in the state. >> what we shouldn't do, what we shouldn't doing is trying to take away your right to bargain for better wages at
FOX News
Dec 10, 2012 3:00am PST
through the federal government for eight days. then you got another kind of fiscal cliff looming. do you believe that behind closed doors yesterday that the president actually seriously talked about spending cuts? >> i think he is serious about that. i think everyone knows they have to have spending cuts to go along with whatever is going to a. we should make the kind of deal and the kind of comprehensive deal that is going to get our credit rating back. we're not rated credit wise. they're talk being lowering it again. we should make a deal that will almost immediately get back our credit rating that. should almost be the standard. they know what that standard is down to the penny. that's the kind of a deal we should make. we should get our great credit rating back again. >> brian: just real quick, 'cause tonight talk about what china is don't, but rich lowry says the president wants gop humiliation and that's what's haul behind the 35 to 39% for the upper tax rate. do you see that? >> i'm not sure if it's for that purpose and maybe he believe it is and did he win an election, so you ha
FOX News
Dec 10, 2012 6:00am EST
on the fiscal cliff cuts billions in defense spending. colonel oliver north says that will lead to disaster. he is here next. and tony hawk is here to show us a few new tricks, including one for all those parents out there whose kids will think are cool. i don't know if i'd do it in the rain, but he can. he's a prompt but olympic gabby douglas is here. a huge show! i think shaq in the house, too. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >> gretchen: 23 minutes after the top of the hour. james holmes expected to appear in court today. this will be the first time we look at him since he was taken to the hospital for a head injury last month after reportedly trying to kill himself. holmes accused of
FOX News
Dec 10, 2012 6:00am PST
of course and the prospect of increased taxes as we get closer to the fiscal cliff. looks like everybody's taxes are going up no matter how this thing is comes out. consumer spending accounts for more than 2/3 of economic output. especially important at this time of year of course when a lot of sectors in all of these areas have been struggling, here is a bit of good news. martha: okay. take it. bill: not a lot. if you're driving on the road, thanks to shrinking demand manned lower fuel prices gas is sinking like a stone. a drop of 34 cents in the past month. in st. louis, drivers paying just over $3. even l.a. is paying 3.68. which is below four bucks where they have been for a very long time. even further drops expected in the coming days. martha: a devastating loss this morning. jennie rivera, the mexican american singer on the verge of crossing over to this country in u.s. popularity is presumed to have been killed when a private plane crashed in monterrey, mexico. authorities have not confirmed her debt. her relatives say they have few doubts she was on board that plane. she was hea
ABC
Dec 9, 2012 5:00am PST
. >>> the stalemate over the fiscal cliff-hanger is the topic this morning on abc's" this week." they discuss another week of talks but failed to reach a compromise in tax cuts. huge cuts and increases kick in the 1st of the year if they don't make a deal. don't nice at 8:00 this morning on abc7. right here right now is meteorologist lisa argen with a preview of the accuweather forecast. >> we do have a veil of some higher clouds out there. we are seeing less fog, as well. temperatures mainly in the 40s. we will talk about how much sun if we are going to see the warmup, how long it will last, that's straight ahead. >> and there's another ♪ [ female announcer ] nature exists on the grandest scale... ♪ ...and in the tiniest details. ♪ and sometimes both. nature valley granola thins pack the big taste of granola and dark chocolate into one perfect square, under 100 calories. nature valley granola thins. nature at its most delicious. >> welcome back, everyone. thanks for getting up early and watching the abc sunday morning news. here's a live look at the golden gate bridge. today on either side of
FOX News
Dec 5, 2012 6:00am PST
. martha: west virginia senator joe manchin, a democrat discussing the fiscal cliff, social security within medicare. he believes they must be run more efficiently. >> last year the office of budget management says $115 billion was misspent. that's a tremendous savings right there. they are both much lower than everyone says we need. all economists say we need a minimum of $4 trillion or greater swing. that means a combining of many things. i think both of them are in the two or not much more than two or lower than two. that only goats you halfway there. i don't know how we got off track of what we really need to fix this. martha: he argues the economy is ready to take off if people would just stop playing the blame game. bill: one of the changes that may be coming is the reduction in the mortgage interest rate duck you can claim. but according to the i.r.s. only a small percentage of americans claim it after all. all. 37% in maryland and 15% in north dakota. 73 per of americans are opposed to changing that. martha: the owner of popular restaurant chains claims complaints about obama-care h
KOFY
Dec 10, 2012 9:00pm PST
government spending and tax increases have been largelyly absent in the back and forth over the fiscal cliff. i called several members organizers would just as soon not go public. that theory organizing after what they call very dispointing election. at civic center plaza abc 7 news. >> europe biggest bank hsbc is expected to pay 1.9 billion dollars to settle a money laundering investigation with regulators in the united state states. hsbc is accused of money laundering for mexican drug cartel. announcement formally is expected tomorrow. >> apple new appearing map is now coming with a safety warning for nurs australia. police in the city of victoria asking drivers to avoid using it. officers say they have had to rescue several people who got lost when the app led them to the wrong place. drivers stranded for more than 24 hours when directed miles away from murray sunset national park. may not seem like a big deal except that location is in the middle of nowhere and the park has no water supply and temperatures can reach 115 degrees. dangerous place to be stranded. apple hasn't comme
CNN
Dec 10, 2012 4:00pm PST
they're talking about is peanuts. president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class familiefamilies, w some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but not so fast, mr. president. we need a little more than you're talking about. president obama says his plan reduces the deficit by $4 trillion over ten years. forget the fact it counts war savings which shouldn't count. let's go with the $4 trillion. john boehner said his plan cuts $2.2 trillion over ten years. you shouldn't be comparing those two nubs. what you should think about is $16 trillion. that's how much debt the country has. according to bill groesdz, the man who runs the biggest fund, ie, the man who decides how much we can spend and borrow, we have to cut spending or raise taxes. that's $1.6 trillion a year. that's $1.2 trillion a year more than the president proposes. and $1.38
FOX News
Dec 9, 2012 3:00am PST
which we're calling the fiscal cliff, when you have automatic tax increases and spending cuts, but as we, you know, the time goes, it's been three weeks since the election, i'm growing increasingly pessimistic. >> we're been talking about it on the show, chris, and brought up a couple of times that the president, if he does nothing, the tax cuts expire, and the defense cuts go into place, which is largely what the democrats want to have happened and republicans now making the argument. perhaps the president is not going to negotiate because he wants to simply step back and want things to unfold. do you buy that. i think he does want to compromise because if this were to go on long enough. i don't think it happens the first week after the fiscal cliff, but if you continue with this and all of the things that happen, all of the bush tax cuts expire, not only on the rich, but also the middle class, the spending cuts, about 100 million in the first year, you could grow according to the congressional budget office or unemployment back over 9% and the president clearly doesn't want that, but
FOX News
Dec 10, 2012 12:00pm PST
been stalled for four years. >> thank you, doug. time for the fiscal cliff update. we have not fallen over the ships but it is a few days away. no word of any progress. no compromise from either side. all with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama and speaker boehner. wendell, is there any time left to get this done? >>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less custome
FOX News
Dec 10, 2012 4:00pm PST
off the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's day. the president and the house speaker met face-to-face just yesterday for the first time since the election, but are they talking about it? no. today an aide said the speaker is willing and still waiting for counteroffer from the president. ed henry is live at the white house. i don't know, ed. a meeting happens and nobody says anything. this could be seen as something more good than bad. >> reporter: exactly. because they didn't come out of the meeting beating each other up and saying i'm never going to sign a deal with the other guy. the fact that they're keeping this quiet, hush hush for now in terms of the details of what they discussed suggests that they're hopeful of a deal, although i have to tell you. the president sounded pretty optimistic when he was in michigan about the possibility of us going off the cliff and falling into a second recession. here's what he had to say about the possibility. >> consumer spending is goin
NBC
Dec 10, 2012 9:00am EST
the fiscal cliff, president obama and john boehner met sunday to discuss the issue. republicans and democrats have been deadlocked how to prevent tax hikes and spending cuts set to kick in with the new year. the details of the conversation are being kept under wraps but both are saying the lines of communication are open. >>> the two deejays who pranked the hospital treating the duchess of cambridge last week now has had their show canceled. a nurse who was tricked by the hoax was found dead friday. the deejays who imperson ated queen elizabeth and prince charles say they are heartbroken and sorry if they played any role in the nurse's death. >>> mexican-american singing sensation jenni rivera was killed sunday when her plane cra crashed shortly after takeoff from monterey, mexico. all seven people were killed in the crash. a 43-year-old california native had sold more than 23 million records and was one of the biggest stars on mexican television. >>> south korean gangnam style singer psy did appear at last night's christmas in washington concert. under mountin pressure he apologized friday a
FOX News
Dec 11, 2012 3:00am PST
of the -- it is not just the post but companies are pushing dividends forward saying let's get in front of the fiscal cliff thing it is interesting that the post is one of them. >> they spent the year agitating for barack obama and arguing that the rest of the us ought to pay taxs and spending money trying to avoid doing that. it is not just the post but also individuals. we sent a camera with the patriotic millionaires. rich people who are up there lobbying for higher taxes on the wealthy and we said look, you have an opportunity to right now donate to the federal treasury and not one of them took us up on it. of course not. these are people who campaigned for barack obama and on behalfful higher taxs and spend millions every year avoiding taxos attorneys and tax accountants. >> eric: steve read a story about google putting millions in bermuda . then tack i this one. jim sevenegal, this man spoke in the dnc. they did the same thing. they declared themselves a dividend in 2012 so they avoid the potential higher taxes was 2013. y >> if there is a clearrer definition of hypochrissy i am not aware of it. it i
CNN
Dec 10, 2012 8:00pm PST
in technology. >>> our fourth story, selling a fix. with just 22 days until the fiscal cliff kicks in and we all go sailing off. we're hearing a lot of talk about talking between the president and the house speaker. apparently, these talks are behind closed doors because they're talking over or at or something not good at each other. here is president obama today in detroit on his plan to raise taxes on families making more than $250,000 a year. >> that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks. >> is the tough talk road show working for the president tonight? ben labolt is a former press secretary for the obama campaign. he had a vacation that's why he looks healthy now. and republican strategist terry holt. good to see both of you. terry, i want to start with you. the most recent poll we have "the washington post"/pew says by a margin of about 2 to 1, americans say republicans in congress will be to blame if there's not a deal on the fiscal cliff. so is the speaker losing
NBC
Dec 10, 2012 7:00am EST
the fiscal cliff. republicans and democrats have been deadlocked on how to stop tax hikes and spending cuts that are set to kick in at the beginning of the year. >>> dallas cowboys defensive lineman josh brent has been released from jail after posting half a million dollars bail. he is being charged in the death of his teammate and close friend jerry brown. police say he was drunk awhen h wrecked the car that killed brown. >>> morsi rescinded much of the de krch decree. a disputed draft of the constitution for the country. >>> mandy drew is at the new york stock exchange. good morning to you, mandy. >> good morning, natalie. lots of headwind from overseas, political shakeup in italy and sharply slowing down chinese export growth, keeping u.s. traders on edge not to mention the vagaries of the fiscal cliff. markets move with progress or lack of progress as the case may be. the congressional budget office says we could be back in recession the first half of next year if a deal is not reached. those are things they're watching. >> mandy drury at the new york stock exchange, thanks. >>> someone
CNN
Dec 11, 2012 1:00pm PST
, the closer our economy gets to the fiscal cliff. >> nobody should trust democrats to put a dime until real deficit reductions. >> reporter: to better understand the gop positioning, remember what any reduction deficit looks like drawn from two different pots of money. first, tax revenue. second, spending cuts likely to center on changes to entitlements like medicare. on revenues, republicans already conceded to tax increases for the wealthy. the big sticking point is what kind and how much. since that is angering many on the right who oppose any tax increases, republicans want democrats to take the heat for entitlement cuts by proposing them first so republicans don't face the wrath of seniors, too. remember this 2011 ad depicting paul ryan throwing granny off the cliff? the white house says it's republicans who haven't offered specifics and the president has. >> very specific spending cuts, including savings in entitlement programs. again, i -- it's not a mystery. we've seen this before. this is the document. >> reporter: that document is last year's white house recommendations to the sup
CNN
Dec 7, 2012 4:00am PST
's up to two men to try to keep america from going over the fiscal cliff. 25 days and counting from the massive tax hikes and spending cuts. congress breaking in a week for the holiday. so john boehner trying to simplify things. he's asking top democrats and republica republicans to step aside so he can negotiate with the president one-on-one. it seems to be a request that everyone was able to live with. brianna keilar is live for us at the white house. if this is the case that everybody has been cleared out of the room, does that surprise you? it seems to make sense to me. >> reporter: it's not surprising at all. this is what observers of this process thought would happen all along. ultimately this was a process that would come down to president obama and house speaker john boehner brokering a deal. very much the way you saw they attempted to do during the debt ceiling debacle last year. it simplifies the problem of less cooks in the kitchen. then they will have to sell it. president obama would have to bring in democrats. john boehner would have to bring in his republicans and mak
CSPAN
Dec 6, 2012 9:00am EST
in a balanced agreement, he's not particularly interested in avoiding the fiscal cliff, and he's clearly not interested at all in cutting any spending. what the president is really interested in, as we learned just yesterday, is getting as much taxpayer money as he can, first, by raising taxes on small business that he believes are making too much money and then on everybody else, not so he can lower the debt or the deficit but so he can spend to his heart's contefnlts for months the president has been saying all he wants is to raise taxes on the top 2% so he can tackle the debt and the deficit. however, yesterday he finally revealed that's not really his true intent. by demanding the power to raise the debt limit whenever he wants, by as much as he wants, he showed what he's really after is assuming unprecedented power to spend taxpayer dollars without any limit at all. this isn't about getting a handle on deficits or debt for him. it's about spending even more than he already has. why else would he demand the power to raise the debt limit on his own? by the way, why on earth would we e
CNN
Dec 8, 2012 7:00am PST
on averting the fiscal cliff. negotiations are pretty much at a standstill, but if you ask house speaker john boehner, he has an idea of who's holding things up. >> there are a lot of things that are possible to put the revenue the president seeks on the table. but none of it's going to be impossible. the president insists on his position. insists on my way or the highway. >> in his weekly white house address this morning, president obama responded to boehner's remark. >> i'm willing to make more entitlement spending cuts on top of the one trillion dollars in spending cuts i signed into law last year. but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >>> holiday hiring may have given a big boost to the jobs report released yesterday. retail hirers hired more people than any month on record since 1939. 146
Current
Dec 10, 2012 3:00am PST
. it is a very real possibility that the country will head over the fiscal cliff. some lawmakers say that's not such a bad option. wedged also see a partial deal which would put off much of the negotiations until next year when congress tackles the debt ceiling. more than bill press coming up after the break when we are live in our chat room current.com/billpress. see you there. my masters degree was done completely online and that gave me the freedom and ability to do my education while i raised my kids and worked full time. raising my kids as a single mom and having them see me get my education online and work full-time has given them the opportunity to see that they can do anything that they want to. i'm currently the hospital administrator for two public hospitals. we serve patients who might not otherwise get care. i teach an online nursing program. i feel that i'm giving back something to the nurses that are attempting to get their bachelors degree like i did. doing online education is something that i suggest to many, many people. [ male announcer ] you like who y
CNN
Dec 10, 2012 1:00pm PST
cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room. that, wolf, is going to lead a lot of voters, democrat and republican, unhappy. >> tom foreman. dramatic way of explaining what's going on. love that virtual studio he's got over there. thank you. >>> new clues potentially uncovered in a deadly decades old mystery haunting a reform school. you'll find out what researchers think they have found. that's next. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ [ male announcer ] with a select terrain dial that adjusts the jeep grand cherokee's performance for specific weather and road conditions... ♪ ...even heavy snowstorms... won't keep you from getting to work. our apologies. ♪ >>> researchers may have unkfred shocking new evidence of a mass grave at a now closed florida reform school. where years ago family members say d
CNN
Dec 11, 2012 6:00am PST
on the fiscal cliff. president obama and house speaker john boehner met privately sunday in a surprise meeting, but they're not commenting much in public on whether there's been much progress. joining me now is political science professor and political chief correspondent for politics 365, jason johnson, and republican strategist, ron bon john. some say the fact that we're not hearing much of washington is a good sign, and in this case, silence is golden. you guys agree? >> yeah, i definitely do. look, one of the things that we've got to realize here is that the more that this fight takes place in public, the less is being done behind closed doors, because everyone feels that they have to justify the public rhetoric. so i think that we have two silences going on. there's barack obama and john boehner working things out and the republicans realizing that they've got to find a way to negotiate. so silence is golden for christmas season. >> do you agree, ron bonjean? >> yes, i completely agree. i think that silence is best. and right now while they're figuring out how to put a deal together, i th
CNN
Dec 10, 2012 4:00am PST
millions of americans and the fiscal cliff sat down, had a conversation. a critical development 22 days away from the cliff, which means severe tax hikes and spending cuts unless the two can find a way to compromise. nobody is saying much. but spokesperson says the lines of communication remain open erskin bowles said this. >> you know, they have started to tango now and any time have you two guys in there tangoing, have you a chance to get it done. >> our white house correspondent, brianna keilar, live in washington, d.c. this morning. it doesn't sound like very much. but i guess we're making a lot out of it, a first step. any indication where it goes next? >> we don't know where it goes next. they are saying the lines of communication are open. we're expecting the white house and the speaker's office, they are going to continue talking. we don't know when the meeting, the next meeting will be between president obama and the speaker this is something certainly promising, because they haven't spoken in person for a few weeks. haven't spoken one-on-one since the election, so this is some
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